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Key updates and highlights for today morning. Reading time: 4 mins.
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US Fed hikes interest rates by 25 bps. Inflation remains key focus and rate cuts are not expected in Base case scenario in 2023, but signals it is nearing the end of rate hikes.
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US Fed hikes interest rates by 25 bps. Inflation remains key focus and rate cuts are not expected in Base case scenario in 2023, but signals it is nearing the end of rate hikes.
2. US markets down 1.6% post rate hike, USD falls, while Crude gained 2%. US futures are up 0.55% today morning. SGX Nifty indicates minor red to a flat opening on weekly expiry.
3. Rakesh Jhunjhunwala awarded Padma Shri (posthumously), India's 4th-highest civilian honour; received by wife Rekha Jhunjhunwala.
Kumar Mangalam Birla awarded Padma Shri for contribution in trade and Industry.
Kumar Mangalam Birla awarded Padma Shri for contribution in trade and Industry.
